Imperial Capital Raises United Continental (UAL) Price Target to $74.00
United Continental (NYSE:UAL) had its price target upped by Imperial Capital from $64.00 to $74.00 in a report issued on Thursday. Imperial Capital currently has a line rating on the transportation company’s stock. Imperial Capital also issued estimates for United Continental’s FY2017 earnings at $6.71 EPS, Q2 2018 earnings at $2.52 EPS, Q3 2018 earnings at $2.29 EPS and FY2018 earnings at $6.71 EPS.
UAL has been the topic of several other reports. TheStreet upgraded shares of United Continental from a c+ rating to a b rating in a report on Thursday, December 7th. Barclays reiterated a buy rating and set a $90.00 target price on shares of United Continental in a report on Thursday, September 14th. ValuEngine upgraded shares of United Continental from a buy rating to a strong-buy rating in a report on Friday, December 1st. Cowen reiterated a market perform rating and set a $62.00 target price (down from $70.00) on shares of United Continental in a report on Friday, October 20th. Finally, Raymond James Financial reiterated a market perform rating on shares of United Continental in a report on Wednesday, September 20th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Hold and a consensus target price of $81.69.
United Continental (UAL) opened at $78.40 on Thursday. The company has a market cap of $23,230.00, a PE ratio of 11.35, a P/E/G ratio of 1.87 and a beta of 1.05. United Continental has a 12 month low of $56.51 and a 12 month high of $83.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.
United Continental (NYSE:UAL) last posted its quarterly earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The company had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The firm’s revenue was down .4% compared to the same quarter last year. During the same quarter last year, the firm posted $3.11 EPS. analysts forecast that United Continental will post 6.66 earnings per share for the current fiscal year.
United Continental announced that its board has authorized a share repurchase plan on Thursday, December 7th that permits the company to repurchase $3.00 billion in outstanding shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.
In other news, Director Robert A. Milton purchased 1,000 shares of the stock in a transaction dated Tuesday, October 24th. The shares were acquired at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the acquisition, the director now owns 6,176 shares of the company’s stock, valued at $361,913.60. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.27% of the stock is currently owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of United Continental by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock valued at $1,708,664,000 after buying an additional 930,321 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of United Continental by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock valued at $523,519,000 after buying an additional 6,934,500 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of United Continental by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock valued at $208,949,000 after buying an additional 269,219 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in shares of United Continental by 33.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock valued at $160,585,000 after buying an additional 656,990 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of United Continental by 11.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,186,098 shares of the transportation company’s stock valued at $133,088,000 after buying an additional 222,636 shares in the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.
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United Continental Company Profile
United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.
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